CBL & Associates Properties sets 2023 executive compensation plans with 5% bonus increase

CBL & ASSOCIATES PROPERTIES INC

Compensation Committee approved 2023 Annual Incentive Plan with target cash bonuses up 5% from 2022.
CEO Stephen D. Lebovitz target cash bonus $1,050,683; CFO Benjamin W. Jaenicke $338,000.
2023 Long Term Incentive Plan includes PSUs (60% of award) and restricted stock (40%); CEO target value $1.86M.
CFO Jaenicke's employment agreement amended: equity targets set at $699K restricted stock and $838.8K PSUs.
Performance metrics include FFO, NOI, TSR vs. FTSE NAREIT Retail Index, and absolute TSR.

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